Dimethyl Ether Market: Growth, Trends, and Forecasts
Posted on Mar 17 2023 6:35 AM
""By application, the market is segmented into LPG blending, aerosol propellant, transportation fuel, and others. By source, the market is segregated into natural gas, waste from pulp and paper plants, forest products, agricultural by-products, construction waste. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa. " "
The global dimethyl ether market size is expected to gain momentum by reaching 8,775.17 million by 2028 while exhibiting a CAGR of 10.5% between 2021 and 2028. This information is published by Fortune Business Insights™ in a published in its report, titled, “Dimethyl Ether Market, 2021-2028.” The report further mentions that the market stood at USD 4,001.89 million in 2021. The increasing demand for blended DME and substituted with LPG during the forecast period. The global automotive market is likely to undergo significant changes as a result of its continued industry growth. The product is expected to replace gasoline, diesel, LPG, and kerosene. For instance, Mitsubishi Gas Chemical Company (MGC) partnered with the National Gas Company of Trinidad and Tobago (NGC) and Massy Holdings (Massy) to commence commercial operations of a methanol and dimethyl ether (DME) plant in the Republic of Trinidad and Tobago, Caribbean Gas Chemical Limited (CGCL).
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By application, the market is segmented into LPG blending, aerosol propellant, transportation fuel, and others. By source, the market is segregated into natural gas, waste from pulp and paper plants, forest products, agricultural by-products, construction waste. Finally, by geography, the market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.
What does the Report Offer?
The market report covers recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, and impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, and applications.
Drivers & Restraints-
Increasing Demand in LPG Blending to Stimulate Growth
The increasing demand in the LPG blending segment industry is expected to boost the global dimethyl ether market growth during the forecast period. Dimethyl ether can be blended with standard LPG at a pre-specified ratio for a variety of purposes, including liquefied petroleum gas (LPG). It can be combined with LPG as a fuel additive to improve combustion and reduce hazardous emissions, while also lowering reliance on LPG. For example, in October 2020, Under India's Aditi UrjaSanch program, the Minister of Science and Technology and Earth Sciences launched a customized combustion unit for DME-LPG mix as a household cooking fuel. The newly built stoves are supposed to run on LPG that is 30% DME mixed.
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Increasing Consumption of DME in Asia Pacific to Promote Growth
Asia Pacific is expected to hold the largest global dimethyl ether market share during the forecast period. The increasing consumption and production of DME in China and India are credited with the growth. The production capacity of DME from a variety of feedstock, such as biogas, agricultural waste, and natural gas, is expected to boost the product's demand in the region.
Europe is anticipated to hold a significant position in the market. This is due to the flourishing automotive industry across European countries such as Italy, Germany and the U.K.
Manufacturers to Focus on R&D Investments to Offer Advanced Products
The market for dimethyl ether includes information on each competitor. Market potential, R&D investment, new market initiatives, global presence, and production sites and infrastructure are among the details presented. These companies are focusing on investing in research activities to ensure the development of their products. Moreover, other key players are adopting organic and inorganic growth strategies to maintain their stronghold in the market.
- February 2020: Oberon Fuels and SHV Energy have partnered to increase the use of green DME in transportation fuels, reducing carbon emissions.
List of Key Players Profiled in the Global Market for Dimethyl Ether:
- Jiutai Energy Group
- Haldor Topsoe
- Oberon Fuels
- Royal Dutch Shell Plc
- Mitsubishi Corporation
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